HomeMy WebLinkAbout08953RESOLUTION NO. 8953
A RESOLUTION APPROVING AN AGREEMENT BETWEEN
PUEBLO, A MUNICIPAL CORPORATION AND McCALLIN
DIVERSIFIED INDUSTRIES, INC. AND 515 ANIMAS, INC.
RELATING TO A JOB CREATING CAPITAL IMPROVEMENT
PROJECT AND AUTHORIZING THE TRANSFER OF LAND
AND THE EXPENDITURE OF $150,000 THEREFOR FROM THE
1992 -2001 SALES AND USE TAX CAPITAL IMPROVEMENT
PROJECTS FUND
WHEREAS, McCallin Diversified Industries, Inc. and 515 Animas, Inc. (the "Company ")
has expressed a willingness to locate its steel fabrication business activities at the Pueblo Memorial
Airport Industrial Park and has committed to employ fifty (50) full time employees, and
WHEREAS, Company through the Pueblo Economic Development Corporation has made
application for funds from the 1992 -2001 Sales and Use Capital Improvement Projects Fund and
conveyance of land at Pueblo Memorial Airport Industrial Park, and
WHEREAS, the land requested to be conveyed is surplus to the City's needs, and
WHEREAS, the City Council is willing to approve such application for funds upon the terms
and conditions set forth herein; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The City Council does hereby find and determine that McCallin Diversified Industries, Inc.
and 515 Animas, Inc.'s application for funds meets and complies with the criteria and standards
established by Ordinance No. 6381 and will create employment opportunities justifying the
expenditure of public funds.
SECTION 2
The Agreement dated as of March 27, 2000 between Pueblo, a municipal corporation and
McCallin Diversified Industries, Inc. and 515 Animas, Inc. and Warranty Deed attached thereto
having been approved as to form by the City Attorney, are hereby approved. The President of the
City Council is authorized to execute and deliver the Agreement and Warranty Deed in the name of
the City and the City Clerk is authorized and directed to affix the seal of the City thereto and attest
same.
SECTION 3
Funds in an amount of $150,000 are hereby authorized to be expended and made available
to McCallin Diversified Industries, Inc. and 515 Animas, Inc. out of the 1992 -2001 Sales and Use
Tax Capital Improvement Projects Fund for the sole purpose of the job creating capital improvement
project and in the manner described in the attached Agreement. The funds hereby authorized to be
expended shall be released and paid by the Director of Finance to or for the benefit of McCallin
Diversified Industries, Inc. and 515 Animas, Inc. after receipt (i) by the City Clerk of the documents
required to be filed pursuant to paragraph 2(d) of the Agreement and (ii) by the Director of Finance
of written requests for payment required by paragraph 2(e) of the Agreement.
SECTION 4
This Resolution shall become effective upon final passage.
ATTEST:
City rk
INTRODUCED: March 27, 2000
By Robert Schilli
Councilperson
APPR D.
Pre ident of the City Council
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